Affordable Housing
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund.
Abrams Development Acquires Boston Affordable Housing Property
The Abrams Development Co. has inked a deal to acquire the 71-unit Lionhead Apartments in Dorchester district of Boston.
L+M Development Opens Final Phase of Candlestick Heights
Affordable housing developer L+M Development Partners recently announced the official opening of the long-stalled Candlestick Heights affordable housing community in San Francisco’s Bayview Neighborhood.
Pennrose Properties Opens Heritage at Alexander Hamilton in N.J.
A ribbon-cutting ceremony has officially unveiled Phase III of the long-awaited Heritage at Alexander Hamilton in Paterson, N.J. The new affordable housing lifestyle community was developed by Pennrose Properties, in partnership with the Housing Authority of the City of Paterson.
CDT Reaches $1B in Cumulative Investments on Organization’s 15th Anniversary
The nation’s first and largest private REIT, Community Development Trust, has announced that it has surpassed the $1 billion mark in cumulative investments in affordable housing after closing on a $40 million portfolio in California. The accomplishment coincides with the organization’s 15-year anniversary.
Boston Capital to Invest in Two Affordable Housing Projects in N.C.
Boston Capital has announced that it will invest in the construction of two affordable multifamily community projects in North Carolina. The projects include Lockwood Village Apartments in Wilmington, N.C., and Ravenswood Apartments in Wilson, N.C.
WinnResidential Named 2014 Top Affordable Housing Manager by NAHMA
WinnResidential, the property management arm of WinnCompanies, announced it has been named the largest affordable multifamily property management company, ranked by affordable unit counts by the National Affordable Housing Management Association (NAHMA).
Plainfield, N.J. Affordable Housing Acquired by Tryko Partners
Liberty Village, an affordable housing property in Plainfield, N.J., has been added to the multifamily portfolio of private equity real estate group Tryko Partners.
A Compromise in Cambridge: Public-Private Partnership Results in Affordable Homes
After years of nurturing a controversial affordable housing project through the planning and approval stages, as well as overcoming legal battles and the recession, Lori Cowles finally gets to watch it go up before her eyes in Cambridge.
Dominium Develops Affordable Senior Community in Suburban Minneapolis
Minneapolis-based Dominium, an owner, developer and manager of apartment communities across the country, has announced the construction of a new independent seniors affordable housing community called The Cavanaugh.